India Makes Major Crypto U-Turn
According to the Financial Times, the Indian government has warmed up to crypto, following the example of the U.S.
The government is now reportedly holding frequent meetings with local crypto industry leaders in a major reversal.
The Indian crypto industry is trying to take advantage of this dramatic change by lobbying for tax cuts.
India has a strict crypto tax regime that includes a 30% capital gain tax on all profits from digital currency transactions. The framework, which was adopted back in…